Snapchat opts for Morgan Stanley, Goldman Sachs to lead IPO-Bbg

Oct 12 Photo-sharing app Snapchat has chosen
Morgan Stanley and Goldman Sachs Group Inc as lead
bankers for its initial public offering, which could happen as
soon as March, Bloomberg reported, citing people familiar with
the matter.

The banks were notified of their role early this week,
according to the report. (bloom.bg/2dSoglp)

Snapchat's parent is working on an initial public offering
that could value the company at $25 billion or more, the Wall
Street Journal reported last week.